UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549  FORM 10-K/A Amendment No. 2  [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934  For the fiscal year ended February 29, 2020  or  [  ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934  For the transition period from __________ to __________  Commission file number: 000-55079  ARTIFICIAL INTELLIGENCE TECHNOLOGY SOLUTIONS INC. (Exact name of registrant as specified in its charter)  Nevada27-2343603(State or other jurisdiction of(I.R.S. Employerincorporation or organization)Identification No.)  1 East Liberty, 6th Floor
Reno, NV 8950189501(Address of principal executive offices)(Zip Code)  Registrant’s telephone number, including area code: (702) 990-3271  Securities registered pursuant to Section 12(b) of the Act: None  Securities registered pursuant to section 12(g) of the Act:  Title of each className of each exchange on which registeredCommon stock, $0.00001 par
                                         valueOTC PINK  Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. [  ] Yes    [X] No  Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. [  ] Yes    [X] No  Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities
Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to
file such reports), and (2) has been subject to such filing requirements for the past 90 days. [X] Yes    [  ] No  Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any,
every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this
chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such
files). [X] Yes    [  ] No  Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§ 229.405 of this chapter)
is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. [X]  Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a
smaller reporting company, or emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,”
“smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.  Large accelerated filer[  ]Accelerated filer[  ]Non-accelerated filer[X]Smaller reporting company[X]Emerging growth company[  ]  If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition
period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange
Act. [  ]  Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). [  ] Yes    [X] No  The aggregate market value of the voting and non-voting common equity
held by non-affiliates of the registrant as of August 31, 2019 based upon the closing price reported on such date was approximately
$409. Shares of voting stock held by each officer and director and by each person who, as of August 31, 2019, may be deemed as
have beneficially owned more than 10% of the outstanding voting stock have been excluded. This determination of affiliate status
is not necessarily a conclusive determination of affiliate status for any other purpose.  As of July 22, 2020, there were 195,549,343 shares of the registrant’s common stock issued and outstanding.  DOCUMENTS INCORPORATED BY REFERENCE  None.    EXPLANATORY NOTE

Artificial Intelligence Technology Solutions Inc. (the
“Company”) is filing this Amendment No. 2 on Form 10-K/A (this “Amendment No.
2”) to its original Annual Report on Form 10-K for the fiscal year ended February 29, 2020 filed with the U.S.
Securities and Exchange Commission (the “Commission”) on July 28, 2020 (the “Form
10-K”) and Amendment No. 1 on form 10-K/A filed July 31, 2020, solely to disclose that the Company filed the
Form 10-K after the May 29, 2020 deadline in reliance on the Commission’s Order under Section 36 of the Securities
Exchange Act of 1934 Modifying Exemptions from the Reporting and Proxy Delivery Requirements for Public Companies dated March
4,2020 ( Release 34-88318) and modified March 25, 2020 (Release No. 34-88465), collectively (the
“Order”) to delay the filing of the Form 10-K due to circumstances related to the coronavirus
disease 2019 (“COVID-19”). This Amendment No. 2 is being filed to include the disclosure below in
accordance with the Order, which was inadvertently omitted from the Form 10-K, and to include updated certifications.

As disclosed in the Company’s Current Report on Form 8-K
filed with the Commission on May 29, 2020, the Company was unable to file this Annual Report within the prescribed time period
due to the global COVID-19 pandemic and has relied on the Order to extend its original filing date. As a result of the pandemic,
management’s full efforts have been focused on operating its business and evaluating available funding. The Company has
been following the recommendations of local health authorities in the U.S., to minimize exposure risk for its employees, including
temporarily closing its offices and requiring its employees to work remotely to the extent possible. As a result, the Company’s
books and records were not easily accessible, resulting in delays in preparation and completion of its financial statements. Further,
the various governmental mandatory closures of businesses as well as the overall safety of our staff have precluded the Company’s
personnel, particularly its senior accounting staff, from obtaining access to its books and records necessary to prepare the Company’s
financial statements that, once audited, comprise the essence of the Annual Report.


These unforeseen circumstances resulted in the Company being
unable to file its Annual Report during the prescribed period without undue hardship and expense to the Company. As such, the
Company is filing this Annual Report within 45 days of the Original Due Date in reliance on the Order in addition to the 15 day
extension granted through form 12-b25 filed with the Commission on July 13, 2020.


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ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES


(3) Exhibits.



Exhibit No.Description of Document2.1Stock Purchase Agreement, dated August 28, 2017, by and among the registrant, Steve Reinharz and Robotic Assistance Devices Inc. (incorporated by reference to Exhibit 10.1 to the registrant’s current report on Form 8-K filed with the Commission on August 31, 2017).3.1Articles of Incorporation of the registrant filed with the Nevada Secretary of State on September 8, 2014. (incorporated by reference to Exhibit 3.1 to the registrant’s transition report on Form 10-KT filed with the Commission on March 12, 2018).3.2Plan and Agreement of Merger of Artificial Intelligence Technology Solutions Inc. (a Florida corporation) and Artificial Intelligence Technology Solutions Inc. (a Nevada corporation). (incorporated by reference to Exhibit 3.2 to the registrant’s transition report on Form 10-KT filed with the Commission on March 12, 2018).3.3Bylaws of the registrant (incorporated by reference to Exhibit 3.2 to the registrant’s registration statement on Form S-1 (File No. 333-168530), filed with the Commission on August 4, 2010).3.4Certificate of Designations filed with the Nevada Secretary of State on February 8, 2017. (incorporated by reference to Exhibit 3.4 to the registrant’s transition report on Form 10-KT filed with the Commission on March 12, 2018).3.5Certificate of Designations filed with the Nevada Secretary of State on May 3, 2017. (incorporated by reference to Exhibit 3.5 to the registrant’s transition report on Form 10-KT filed with the Commission on March 12, 2018).3.6Amendment to Certificate of Designations filed with the Nevada Secretary of State on May 3, 2017 (incorporated by reference to Exhibit 3.1 to the registrant’s current report on Form 8-K filed with the Commission on May 12, 2017).10.1Preferred Stock Purchase Agreement dated January 31, 2017 and entered into between the Company and Capital Venture Holdings LLC. (incorporated by reference to Exhibit 10.1 to the registrant’s transition report on Form 10-KT filed with the Commission on March 12, 2018).14.1Code of Ethics (incorporated by reference to Exhibit 14.1 to the registrant’s registrant statement on Form S-1 (File No. 333-168530), filed with the Commission on August 4, 2010).21.1List of Subsidiaries. **31.1Certification of the Chief Executive Officer and Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. *32.1Certification of the Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. *101.INSXBRL Instance **101.SCHXBRL Taxonomy Extension Schema **101.CALXBRL Taxonomy Extension Calculation **101.DEFXBRL Taxonomy Extension Definition **101.LABXBRL Taxonomy Extension Labels **101.PREXBRL Taxonomy Extension Presentation **__________
*Filed or furnished herewith.**Previously filed or furnished with Form 10-K/A Amendment No. 1 to Annual Report for 02-29-2020, filed with the Commission on July 31, 2020.

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SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

ARTIFICIAL INTELLIGENCE TECHNOLOGY SOLUTIONS INC.Date: August 10, 2020By:/s/ Garett ParsonsGarett ParsonsPresident, Chief Executive Officer and Chief Financial Officer
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

SignatureTitleDate/s/ Garett ParsonsPresident, Chief Executive Officer, Chief Financial Officer, and Director (principal executive officer, principal financial officer and principal accounting officer)August 10, 2020Garett Parsons

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